In the second case, when you are going to invest in non-monetary assets and invest abroad, you need to evaluate the assets to determine the value of the invested assets.
In the third case, in the case of joint venture or cooperation with foreign capital, if either party contributes with non-monetary assets, the current fair value of the non-monetary assets should be evaluated to determine the proportion of capital contribution and equity.
In the fourth case, the Ministry of Finance clearly stipulates that all transactions involving the sale of assets and rights and interests of state-owned enterprises must be evaluated.
In the fifth case, the main business of an enterprise is real estate development, and before the initial public offering, according to the provisions of the CSRC, it is necessary to evaluate the assets of the enterprise's inventory.
In the sixth case, when you are not sure about the fair value of trading and exchange assets, you can hire an asset appraisal agency to provide you with professional asset appraisal services.
Assets evaluation is also needed in the case of guarantee and mortgage.
(A) Enterprise value maximization management needs asset evaluation
Enterprise value evaluation is extremely important in enterprise management decision-making, which can help management authorities to effectively improve business decisions. The goal of enterprise financial management is to maximize enterprise value. Whether every business decision of an enterprise is feasible depends on whether this decision is conducive to increasing enterprise value.
Value assessment can be used for investment analysis, strategic analysis and value-based management; It can help managers better understand the strengths and weaknesses of the company.
At present, China's accounting information is distorted and the quality of accounting information is not high, which seriously affects the true embodiment of the financial situation and operating results of enterprises. The accounting index system can not effectively measure the ability of enterprises to create value, and the financial performance based on accounting index is not equal to the actual value of the company. The actual value of an enterprise is not equal to the book value. Through the accounting of book value, enterprises often cannot confirm the value of intangible assets, which are valuable wealth that enterprises have only after long-term development and research.
This leads to a key link in the process of MBO implementation-the value evaluation of the target company, that is, the evaluation of the enterprises served by the management, which includes not only the evaluation of the tangible assets of enterprises, but also the evaluation of intangible assets such as technology, management, enterprises and talents. Therefore, enterprise value evaluation helps enterprises to pay attention to and carefully verify these accounting distortion information, fully understand the factors of accounting distortion information, and deal with them correctly, so as to overcome the situation that other assets evaluation results are false because of accounting distortion information. Avoid the alienation of enterprise value and affect the accuracy of enterprise value.
Pay attention to financial management with enterprise value maximization management as the core. Through enterprise value evaluation, enterprise financial managers can understand the true value of enterprises, make scientific investment and financing decisions, continuously improve enterprise value and increase owners' wealth.
(B) Enterprise M&A needs asset evaluation
In the process of enterprise merger and acquisition, investors are not satisfied with understanding the value of the target enterprise at a certain point in time from the perspective of replacement cost, but want to understand the value of the target enterprise from the perspective of the comparison of the existing operating capacity of the enterprise or similar markets, which requires appraisers to further provide information about the equity value, and even require appraisers to analyze the added value brought by the integration of the target enterprise and the enterprise. At the same time, the capital market needs more enterprise value evaluation represented by evaluating the overall profitability.
In real economic life, there are often cases of overall transfer and merger of enterprises, such as merger, acquisition, sale, reorganization and joint venture, joint venture and cooperative operation, guarantee, etc. , all involve the evaluation of the overall value of the enterprise. In this case, it is necessary to evaluate the value of the whole enterprise to determine the price of joint venture or resale. However, the value or purchase price of an enterprise is by no means the algebraic sum of asset value and debt after a fair evaluation of each item. Because people buy, sell or merge an enterprise in order to make profits by operating the enterprise, there are many factors that determine the price of the enterprise, the most basic of which is the ability of the enterprise to make profits by using its own assets. Therefore, the enterprise value evaluation is not the evaluation of all assets of the enterprise, but the overall and dynamic value evaluation of the enterprise asset complex. Enterprise assets refer to the evaluation of the value of one or several assets of an enterprise, which is a partial and static evaluation.
(C) Quantifying enterprise value, cleaning up family assets and dynamic management require asset evaluation.
It is very important for every company manager to know the specific value of his company and the ins and outs of calculating the value. Under the planned economy system, enterprises are generally concerned about the management of tangible assets, but often ignore intangible assets. Under the market economy system, intangible assets are paid more and more attention, and are regarded as the important wealth of enterprises. In foreign countries, the value of intangible assets of some high-tech industries is much higher than that of tangible assets, and the value of intangible assets of high-tech industries in China is also considerable. Entrepreneurs who want to know their family background clearly in order to strengthen management need to make a fair evaluation of the enterprise value through evaluation agencies.
At present, the main problem in enterprise management lies in the backward management level. Correctly implementing value maximization management through value evaluation is an important means to promote the sustainable development of enterprises in China.
(4) The board of directors and the shareholders' meeting need to evaluate assets to understand the effect of production and business activities.
The goal of corporate financial management is to maximize corporate value. Whether the company's various business decisions are feasible depends on whether this decision is conducive to increasing the company's value.
At present, China's accounting information is distorted and the quality of accounting information is not high, which seriously affects the true embodiment of the financial situation and operating results of enterprises. The accounting index system can not effectively measure the ability of enterprises to create value, and the financial performance based on accounting index is not equal to the actual value of the company. The actual value of an enterprise is not equal to the book value.
It is one-sided for management to measure the company's operating results only by the company's current financial statements. Correctly implementing value maximization management through value evaluation is an important means to promote the sustainable development of enterprises in China.
(E) Enterprise value evaluation is an important prerequisite for investment decision-making.
The position of enterprise as the main body of investment in market economy is clear, but to ensure the rationality of investment behavior, it is necessary to have a correct evaluation of the present value of enterprise assets. With the development of China's market economy, it is very common to form an optimal combination of tangible assets and intangible assets such as patent technology, proprietary technology and trademark rights in various economic activities of enterprises. Joint ventures and partners must quantify these intangible assets when making decisions, and intangible assets will be evaluated objectively and fairly by evaluation agencies. The evaluation result is not only an important basis for investors to negotiate with the investee, but also an objective standard for the investee to determine its intangible capital value.
(6) Enterprise value evaluation is a means to expand and improve the influence of enterprises and show their development strength.
With people's increasing attention to corporate image, promoting brand-name trademarks has become an important way for enterprises to go international. Enterprises have a large number of intangible assets, which have created excess profits for enterprises beyond ordinary means of production and production conditions, but their value reflected in the books is negligible. Therefore, enterprise value evaluation and publicity are important means to strengthen corporate image and show development strength.
(7) Increase enterprise cohesion.
Enterprise value should not only convey the healthy state and development trend of the enterprise to people outside the company, but also convey enterprise information to employees at all levels within the company, and cultivate employees' loyalty to the enterprise, so as to achieve the purpose of rallying people's hearts.
(1) overall asset leasing of the enterprise;
(2) leasing state-owned assets to foreign investors or non-state-owned units;
(3) Non-operating assets occupied by state administrative institutions are converted into operating assets; (four) there are other circumstances that the administrative department of asset management believes should be evaluated.
The company needs to carry out asset appraisal in the case of restructuring, listing, asset reorganization, joint venture and cooperation, merger and acquisition, share pricing, transfer and acquisition, pledge financing, etc.